Brief: NTG Buys Furniture Logistics Specialist LGT Group AB

NTG Nordic Transport AS

16/07/2021 06:53

July 16 (Reuters) - NTG Nordic Transport Group AS  NTGNT.CO :
    * REG-NTG ACQUIRES FURNITURE LOGISTICS SPECIALIST LGT GROUP AB
    * HAS ENTERED INTO A CONDITIONAL SHARE PURCHASE AGREEMENT REGARDING ACQUISITION OF 100% OF
SHARES
IN SWEDISH COMPANY LGT GROUP AB
    * TRANSACTION VALUES 100% OF SHARES IN LGT GROUP AB AT SEK 375 MILLION ON A CASH AND DEBT
FREE
BASIS
    * WILL FINANCE PURCHASE PRICE WITH AVAILABLE CASH AND EXISTING CREDIT FACILITIES
    * CLOSING OF TRANSACTION IS EXPECTED IN Q3 2021.
    * AFTER CLOSING OF TRANSACTION, EACH SUBSIDIARY OF LGT GROUP WILL CONTINUE AS A STAND-ALONE
SUBSIDIARY OF NTG IN ACCORDANCE WITH NTG'S DECENTRALISED CORPORATE STRUCTURE
    * FOLLOWING CLOSING, DETAILS ON IMPACT OF DEAL INCLUDING SYNERGIES AND IF APPLICABLE UPDATE
ON
2021 OUTLOOK, WILL BE COMMUNICATED

Source text for Eikon:  ID:nGNE9LmKkt 
Further company coverage:  NTGNT.CO 

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